€85m cost for emissions to be passed on to consumers

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€85m cost for emissions to be passed on to...
 © CyprusMail 2019
The Electricity Authority of Cyprus (EAC) will pay a projected €85m next year for carbon dioxide emissions allowances, a cost that will be transferred to consumers.

The expenditure features in the EAC budget for 2020 presented in parliament this week.

Documents submitted by the state power corporation show that in 2020 the island’s power stations are expected to emit around 3.33 million tonnes of CO2.

Multiplying the tonnes by €25.75 (the May 2019 price per tonne of CO2 for emissions allowances under the EU’s Emissions Trading Scheme) yields...


This article was automatically added to our system 15-10-2019

€85m cost for emissions to be passed on to consumers


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